Pathstone Holdings LLC Has $10.18 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Pathstone Holdings LLC lifted its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 374,781 shares of the industrial products company’s stock after buying an additional 37,811 shares during the period. Pathstone Holdings LLC’s holdings in Graphic Packaging were worth $10,180,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GPK. Picton Mahoney Asset Management increased its holdings in Graphic Packaging by 55.4% in the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 394 shares during the period. 1620 Investment Advisors Inc. increased its holdings in Graphic Packaging by 3.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 11,163 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 413 shares during the period. CIBC Asset Management Inc increased its holdings in Graphic Packaging by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 477 shares during the period. Sanctuary Advisors LLC increased its holdings in Graphic Packaging by 2.0% in the fourth quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company’s stock valued at $692,000 after purchasing an additional 486 shares during the period. Finally, Keynote Financial Services LLC increased its holdings in Graphic Packaging by 6.9% in the fourth quarter. Keynote Financial Services LLC now owns 7,607 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 492 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Stock Performance

Shares of GPK opened at $23.31 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The firm’s fifty day simple moving average is $24.72 and its two-hundred day simple moving average is $26.76. The stock has a market capitalization of $7.03 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 12 month low of $20.86 and a 12 month high of $30.70.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.14 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. As a group, analysts predict that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging announced that its Board of Directors has approved a stock buyback plan on Thursday, May 1st that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 23.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

GPK has been the subject of a number of recent research reports. Truist Financial decreased their price objective on Graphic Packaging from $30.00 to $28.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. Robert W. Baird cut their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Raymond James reaffirmed an “outperform” rating and set a $26.00 price target (down previously from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. Finally, Royal Bank of Canada cut their price target on shares of Graphic Packaging from $32.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.17.

Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.